The present application relates to the field of low carbon olefin preparation, and discloses a method and a production
system for preparing low carbon olefin from waste materials, the method comprising the following steps: (1) subjecting the waste materials to thermal
cracking or catalytic
cracking to obtain degradation oil; (2) subjecting the degradation oil to steam
cracking reaction in a steam cracking furnace to obtain low carbon olefin; wherein the steam cracking furnace comprises a
convection section and a
radiation section, and the degradation oil is mixed with
water vapor and heated to a transverse temperature in the
convection section under reduced pressure, and then enters the
radiation section to perform steam
cracking reaction; the transverse temperature is 350-600 DEG C; wherein the waste materials are waste plastics and / or
waste rubber. The degradation oil is obtained by degrading waste plastics or
waste rubber through a chemical recycling method, and the obtained degradation oil is vaporized and subjected to steam cracking under reduced pressure, which can reduce coking phenomenon, prolong the coking period of the
radiation section, and improve the online rate of the device.